The Manufacturers Life Insurance Company Acquires 95,409 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

The Manufacturers Life Insurance Company lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721,070 shares of the company’s stock after buying an additional 95,409 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Keurig Dr Pepper worth $23,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in KDP. Vanguard Group Inc. increased its stake in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Norges Bank purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $197,819,000. Finally, Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the sale, the director now directly owns 2,846,490 shares in the company, valued at $97,122,238.80. This represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now owns 154,511 shares of the company’s stock, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,837,350 shares of company stock worth $2,771,297,650 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $34.41 on Friday. The business has a fifty day simple moving average of $34.17 and a 200-day simple moving average of $33.15. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $46.73 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. Keurig Dr Pepper’s payout ratio is presently 83.64%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research analyst reports. Barclays increased their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 28th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price on the stock. TD Cowen decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.